Delivery of the Second Very Large Ethane Carrier (VLEC) "IINO INEOS SUNNA" for INEOS Europe AG

IINO Kaiun Kaisha, Ltd. (IINO Lines) is pleased to announce that the second of two dual-fuel Very Large Ethane Carriers (VLECs), named IINO INEOS SUNNA (hereinafter "the Vessel"), which will be chartered out to INEOS Europe AG (headquartered in Rolle, Switzerland; hereinafter "INEOS")*¹ on a long-term time charter contract, has been delivered today by HD Hyundai Heavy Industries Co., Ltd. (headquartered in Ulsan, South Korea) *². 　The Vessel is owned by a joint venture with LIBERA CORPORATION (headquartered in Kure, Japan) *³.

(Below picture of the naming ceremony)

As with the first vessel, "IINO INEOS VESTÁ" which was delivered in September 2025, the Vessel is equipped with a dual-fuel main engine and has a significantly lower CO₂ emissions footprint than conventional heavy fuel oil-powered vessels.

In IINO Lines' mid-term management plan, "The Adventure to Our Sustainable Future," we have set a goal to achieve carbon neutrality by 2050. In line with this vision, we are actively investing in alternative fuels. To date, we have introduced dual-fuel vessels powered by methanol and LPG, as well as ammonia-ready vessels that can switch to ammonia fuel in the future. The Vessel marks our second dual-fuel ethane carrier to join our operating fleet. IINO Lines will contribute to the realization of a sustainable society through the continued introduction of environmentally advanced vessels.

＜Overview of IINO INEOS SUNNA＞
Cargo tank capacity　 ：99,000 ㎥
Gross tonnage　　 　 ：60,637 tons
Length overall 　 　　 ：229.97 m
Beam 　　　　　　　 ：36.63 m
Yard 　 　　　　　　　：HD Hyundai Heavy Industries Co., Ltd.
Flag State 　　　　 　 ：Liberia

The Vessel is adorned with a dragon motif, designed under the production management of IINO Media Pro Co., Ltd., an IINO Group company.

(*¹) INEOS Europe AG
INEOS is a global petrochemicals manufacturer, comprising 30 individual businesses. INEOS operates 154 facilities in 27 countries throughout the world, employing 24,500 people. INEOS makes the raw materials and energy used for everyday life. Its products make an　indispensable contribution to society and are essential in applications ranging from the preservation of food to the provision of clean water; from construction of wind turbines, solar panels, and other renewable technologies to the construction of lighter and more fuel-efficient vehicles and aircraft; from medical devices and pharmaceuticals to clothing and apparel. In recent years INEOS has diversified with the launch of INEOS Automotive, and a sports portfolio including Manchester United, OGC Nice, Lausanne Sport football clubs, as well as Mercedes AMG Petronas Formula 1 and the INEOS Grenadiers cycling team.

(*²) HD Hyundai Heavy Industries Co., Ltd.
In addition to building various types of vessels--including tankers and LNG carriers--the company is dedicated to advancing environmental technologies and developing next-generation fuel-powered ships. Backed by its high level of technical expertise and production capacity, the company enjoys strong trust in the global market.

(*³) LIBERA CORPORATION
Libera Corporation is the global shipping arm of Libera Group Co., Ltd., which was founded in 1974 in Kure City, Hiroshima Prefecture. Building on its foundation in the ship-owning business, the company has established a comprehensive maritime platform encompassing ship management, manning services, and seafarer training. Leveraging overseas offices in Singapore, the Philippines, and India, Libera conducts its operations on a global scale.　Beyond its core shipping activities, the Libera Group engages in a diverse range of businesses, including domestic shipping, ferry services, logistics, regional revitalization initiatives, which encompass agricultural ventures centered on olive cultivation. Through this multifaceted business portfolio, the Group contribute to the sustainable development of local communities and society at large.

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